The Vanguard Group is a behemoth, with a staggering $4.4 trillion in assets under management. This puts the firm as the No. 2 player in the asset management world, just behind BlackRock, Inc. (NYSE:BLK).

Although Ray Dalio said at the World Economic Forum that this market rally will continue in the near term, he believes there are some risks that could affect market (SPX-INDEX) movement. According to Ray Dalio, the Fed’s rate hikes are the key risks for markets (SPY) (QQQ) (COMP-INDEX). If the Fed follows an aggressive rate hike process, then we might see drops in asset prices.

On Thursday, January 18, 2018, Pimco, one of the world’s largest asset management firms, said that it’s time for investors to be cautious. The global economic adviser at Pimco, Joachim Fels, recently shared his view on the market in an interview with Bloomberg TV. PIMCO wrote, “The fact that the fear is gone is the main reason why we should be worried.